Telecom Argentina Stet – France Telecom (NYSE:TEO) Issues Quarterly Earnings Results, Beats Estimates By $0.80 EPS

Telecom Argentina Stet – France Telecom (NYSE:TEO) released its quarterly earnings data on Monday. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.80, FiscalAI reports. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Telecom Argentina Stet – France Telecom had a negative return on equity of 2.53% and a negative net margin of 2.17%.

Telecom Argentina Stet – France Telecom Trading Down 2.0%

Shares of TEO stock traded down $0.24 on Monday, reaching $11.58. 322,560 shares of the company’s stock were exchanged, compared to its average volume of 279,679. Telecom Argentina Stet – France Telecom has a 52 week low of $6.43 and a 52 week high of $13.81. The company has a current ratio of 0.48, a quick ratio of 0.46 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $4.99 billion, a PE ratio of -35.09 and a beta of 1.26. The company’s fifty day simple moving average is $11.60 and its 200 day simple moving average is $11.64.

Analyst Upgrades and Downgrades

TEO has been the topic of several analyst reports. JPMorgan Chase & Co. raised Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $12.00 to $16.00 in a research report on Wednesday, April 29th. Zacks Research raised Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings cut Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Finally, Scotiabank lowered shares of Telecom Argentina Stet – France Telecom from a “sector perform” rating to a “sector underperform” rating and boosted their target price for the company from $8.20 to $8.60 in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Telecom Argentina Stet – France Telecom currently has a consensus rating of “Hold” and a consensus target price of $13.87.

Institutional Trading of Telecom Argentina Stet – France Telecom

Institutional investors and hedge funds have recently modified their holdings of the stock. Banco BTG Pactual S.A. bought a new position in Telecom Argentina Stet – France Telecom during the 3rd quarter worth about $2,725,000. Marshall Wace LLP bought a new position in Telecom Argentina Stet – France Telecom during the 4th quarter worth about $1,969,000. Two Sigma Investments LP grew its holdings in Telecom Argentina Stet – France Telecom by 317.8% during the 3rd quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock worth $1,484,000 after acquiring an additional 155,299 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Telecom Argentina Stet – France Telecom by 321.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock worth $925,000 after acquiring an additional 79,893 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Telecom Argentina Stet – France Telecom by 160.8% during the fourth quarter. Millennium Management LLC now owns 125,593 shares of the utilities provider’s stock valued at $1,458,000 after buying an additional 77,437 shares during the last quarter.

Telecom Argentina Stet – France Telecom Company Profile

Telecom Argentina Stet – France Telecom (NYSE:TEO) is an integrated telecommunications provider based in Buenos Aires, Argentina. Originally formed through the 1990 privatization of the state-owned Empresa Nacional de Telecomunicaciones (ENTel), the company was initially backed by Italian state carrier STET and French operator France Télécom. Since its listing on the New York Stock Exchange under the ticker TEO, Telecom Argentina has evolved into one of the country’s principal communications groups, offering a comprehensive portfolio of voice and data services.

The company’s core business activities span fixed-line telephony, mobile services, broadband internet and digital television.